1815 Hauser Blvd - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$1,200,000 USD
1815 Hauser Blvd, Los Angeles, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/14
null | 5.72% Cap Rate

1815 Hauser Blvd
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Approximately 54% upside in rents!
  • All 2 Bedroom / 1 Bath Units
  • Spacious floorplans with ample natural light
  • 8 On-site covered parking

OVERVIEW

The Frydman Group, as the exclusive listing agent, is pleased to offer for sale a 8-unit apartment complex located at 1815 Hauser Boulevard, Los Angeles CA 90019. The subject property is located just south of Venice Boulevard and north of Washington Boulevard, west of Hauser Boulevard. The 7,694 square foot two story apartment was built in 1928 and is situated over a 10,802 square foot lot & is zoned LARD1.5. The eight-unit apartment consists entirely of 2 bedroom / 1 bathroom units. There are 8 on-site parking spots located at the back of the property. The property has approximately 54% remaining rental upside through potential unit turn over. A savvy investor can also take advantage of higher potential rents by renting to Section 8 tenants which pay higher than current market rents for Mid-City 90019 zip code. The Housing Authority of the City of Los Angeles (HACLA) voucher payment standards pays up to $2,887for 2 bedroom units. There are multiple developments that are currently underway in Mid-City and in planning stages. Mid-City is centrally located, offering unparalleled convenience in one of LA's most desirable areas. The property is within walking distance to a number of restaurants, cafes, bars, grocery stores, shopping centers and spiritual centers. Mid-City is a diverse community that is being gentrified in a quiet neighborhood in the center of Los Angeles. The sub-market witnessed a relatively strong renter demand for 490 units during the past 12 months, compared to the five-year average annual renter demand for 370 units.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,799 SF

ZONING

LARD1.5

APN/PARCEL ID

5064-010-014

ASK ABOUT THIS PROPERTY

Meir Mark FrydmanFrydman Group - Keller Williams CommercialMore Info

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Meir Mark FrydmanFrydman Group - Keller Williams CommercialMore Info

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